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4 years ago

15

A _____ is a legally-binding agreement between two or more parties. Select the best answe from the choices provided. contract la

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contract
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copyright
market

2 answers:

umka2103 [35]4 years ago

8 0

I'm pretty sure the answer is Contract

Amanda [17]4 years ago

6 0

Contract! Hope I helped :) have a great day.

Brainliest?

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Prior to the beginning of 2019, Lowe Company estimated that it would incur $176,000 of manufacturing overhead cost during 2019,

adelina 88 [10]

Answer:

raw materials 39,000 debit

accounts payable 39,000 credit

WIP inventory 31,000 debit

factor overhead 11,000 debit

raw materials 42,000 credit

WIP materials 108,000 debit

factory overhead 27,000 debit

wages payable 135,000 credit

WIP invenotry 165,000 debit

factory overhead 165,000 credit

factory overhead 92,000 debit

accounts payable 92,000 credit

factory overhead 35,000 debit

cost of goods sold 35,000 credit

Questions:

a. Purchased materials on account, $39,000.

b. Of the total dollar value of materials used, $31,000 represented direct material and $11,000 indirect material.

c. Determined total factory labor, $135,000 (15,000 hrs. @ $9/hr.)

d. Of the factory labor, 80% was direct and 20% indirect.

e. Applied manufacturing overhead based on direct labor hours to work in process.

f. Determined actual manufacturing overhead other than those items already recorded, $92,000. (Credit Accounts Payable.)

Explanation:

<u>predetermined overhead rate:</u>

expected overhead / expeected labor hours

176,000 / 16,000 = $11

applied 15,000 x $11 = 165,000

<u>factory overhead reconciliaiton:</u>

92,000 + 27,000 + 11,000 = 130,000

applied 165,000

overapplied by 35,000

4 0

3 years ago

At October 1, 2015, Padilla Industries had an accounts payable balance of $40,000. During the month, the company made purchases

Evgesh-ka [11]

Answer:

The amount of account payable on October 31, 2015 would be $25,000.

Explanation:

Given information -

Opening account payable balance on October 1 - $40,000

Purchase made in the month of October is - $33,000

Now by adding both the opening balance and purchase , we will get the total amount to be payable for the month of October,

$40,000 + $33,000

= $73,000

Now it is given that Padilla industries have made some payments on account - $48,000

Subtracting this amount paid from total account payable , we will get how much amount is left to be paid in October ( 31 )

$73,000 - $48,000

= $25,000

7 0

3 years ago

The tiny South Pacific island country of Maroji produces a lot of milk and milk-based products. To protect this industry, Maroji

Korvikt [17]

This is an example of a(n) Import Quota .

<h3><u>Explanation:</u></h3>

A restriction in direct manner that controls the quantity of goods that is being imported to a country refers to the import quota. This restrictions is imposed by the issue of an import license to a firm or a group of firm or even individual. The main aim of these import quota is to enhance the domestic producers to gain advantage through the limitations in competition that arises form importing.

In the given scenario, the company name Maroji involves in the production of a lot of milk and milk-based products. The company then makes it compulsory for only some of the companies to import cheese with the allocated right in the importing of a maximum number of pounds of cheese each year. This acts as an example of Import Quota .

6 0

3 years ago

When you receive a loan, the money the lender gives you is called the ____________. A. Interest B. Line of credit C. Principal D

saw5 [17]

Answer:

C.Principal

The amount of the loan is called the principal, and the extra amount they charge you to borrow the money is called interest.

hope this helps :)

3 0

3 years ago

1. Implied ContractThomas Rinks and Joseph Shields developed Psycho Chihuahua, a caricature of a Chihuahua dog with a "do-not-ba

Tanzania [10]

1. This case primarily involves an implied contract, where things may not have been written down but the actions by both sides show there was an agreement.

2. Implied contract may also be refereed to as an implied-in-fact contract because the facts (not written documents) show there was an agreement.

3. The court would rely on the conduct of the parties. Since there isn't a written agreement, they look at the actions people took to see if they behaved as if they were in a contract.

4. Implied contracts do not require an agreement between the parties. Someone may be operating on the assumption of an implied contract and the other person disagrees that they acted in a way that implied a contract, but it is their actions that matter not how they felt about the agreement.

5. To determine if a contract exists the court will look at: furnished a good or service, expected to be paid, knew or should have known about that expectation, had a chance to reject the goods or services

4 0

4 years ago